Tenanted Retail Investment ---Currently let for £2000 per annum---Affordable Lot Size***Ideal Opportunity***10% Rental Return at Guide Price*** Rare Opportunity***LONG TERM TENANT***Possible Substantial Rental Increase***
- EXCELLENT RENTAL GROWTH PROSPECTS***Potential Market Rent: £3,600 per annum***This Retail Unit Must Be Sold*** High Footfall and popular location on Key arterial route in Dundee***
- ***Dundee has 2 Universities & a population of circa 160,000 people---The 4th Largest city in Scotland & is on the main route linking Aberdeen with both Glasgow & Edinburgh.***Unique Property in popular Investment City***
- ***24 Albert Street Sold £36k (Feb 15)***Affordable Well Let Retail Units Seldom Come Up For Sale in Unique Location***10% Rental Return At Guide Price**This property has been internally modernised ***Excellent Condition & Fully Managed Property***Tenant pays rent in advance***
- Dundee is currently undergoing a massive***£1 Billion Pounds*** redevelopment & regeneration programme---This City is considered a property Hot Spot by many professional property investors***Great Opportunity +++Property Hot Spot +++ Property Hot Spot+++
Description:This Year The Victoria & Albert Museum will be opening in Dundee. Major International Chains are opening hotels in Dundee City Centre*** High Yielding Investment Opportunity *** Expectations of Capital Growth*** ***RARELY SEEN FOR SALE***Affordable***Well Let Retail Unit in Popular Location***10% Rental Return at Guide Price***The property has been occupied by the current tenant for number of years***Currently let for £2000 per annum***Exceptional opportunity to acquire an affordable retail unit in a Prime & Prominent position in a sought after location within Central Dundee***Prominent & High Footfall Location Presented in Good Order***Ready To Occupy***Dundee is considered by many property investors & speculators as a +++Property Hot Spot +++with substantial possibly price growth due to the huge investment programme being rolled out across Dundee. Including: re-development of the Waterfront, New housing, Construction of museums, natural expansion of the City Centre.***Albert Street is an established retailing destination in Dundee and this property is close to Co-op food store, Banks, Boots the Chemist, Ladbrokes & a large number of known retailers*** Dundee offers promising investment opportunities and should be considered when looking for ****High Yielding Investment Property with exceptional capital growth prospects***Rare Opportunity & Substantial Interest is Expected****
CLICK HERE to visit the Scottish Assessors Association Website & automatically search this property's postcode for values. The Scottish Assessors’ Portal provides details of Council Tax Bands and Rateable Values for all properties in Scotland.
Ownership & Occupation:
Freehold- Outright ownership of the property and land on which it stands.
Tenanted- Existing tenant in place with lease agreement to be assigned to the new purchaser at the time of completion.
|Type of Agreement||Basic Lease|
|Rent||£2,000 per year / £167 per month|
|Yield||10.3% (at guide price)|
|Notes:||Long term tenant in place|
Enhanced Buying Terms:
|Discounted Buyers Fee||£1,200 (inc vat)|
Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.
Bid Now Explained:
You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Internal Open Viewings:
This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.
External Viewings Anytime:
You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.
Offer Now:You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Bid Live in Person:Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.
Bid by Phone Live:
If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Bid by Proxy: (Ebay Style Highest Bid)
This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
06 December 2017
Edinburgh Marriott Hotel
111 Glasgow Road, EH12 8NF